News
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BREAKINGVIEWS-One $16 bln Argentina risk is perilously misjudged
By Jeffrey Goldfarb NEW YORK, Oct 31 (Reuters Breakingviews) - Argentine President Javier Milei’s electoral victory at home might be overshadowed by a legal loss overseas. Days after his La Libertad Avanza party defeated rivals in midterm congressional ballots, the country’s lawyers appeared in a...Reuters
Fri, Oct 31
Brazil jobless rate remains at record low in latest quarter
SAO PAULO, Oct 31 (Reuters) - Brazil's unemployment rate remained at a record low of 5.6% in the three months through September, data from agency IBGE showed on Friday, broadly in line with expectations.The labor market in Latin America's largest economy is showing resilience despite high in...Reuters
Fri, Oct 31
Fed's Logan says this week's rate cut was not needed, opposes one in December
Logan says labor market roughly balanced, inflation too slow to return to 2% goalShe sees 'mainly' downside labor market risks, but nothing that requires preemptive actionLogan supported stopping balance sheet shrinkage, suggests targeting repo rate Oct 31 (Reuters) - The U.S. central ban...Reuters
Fri, Oct 31
Fed's Logan says she saw no need for rate cut, opposes one in December
Logan says labor market roughly balanced, inflation too slow to return to 2% goalShe sees 'mainly' downside labor market risks, but nothing that requires preemptive actionLogan supported stopping balance sheet shrinkage, suggests targeting repo rateOct 31 (Reuters) - The Federal Reserve shou...Reuters
Fri, Oct 31
WW Grainger beats quarterly profit expectations on higher pricing, e-commerce sales
Oct 31 (Reuters) - WW Grainger GWW.N on Friday beat third-quarter profit estimates, helped by higher pricing for its industrial tools and equipment and strong sales from its online businesses.The toolmaker's largest segment, High Touch Solutions, saw a 3.4% sales increase, driven by pricing gain...Reuters
Fri, Oct 31
Fed's Schmid: Dissented against rate cut because of continued momentum in economy
In a statement published on Friday, Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid explained he voted in favor of keeping the policy rate unchanged because "the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high."Fxstreet
Fri, Oct 31
ECB should keep "full optionality" at upcoming meetings: Villeroy
PARIS, Oct 31 (Reuters) - The European Central Bank must keep its options open for interest rate moves at upcoming meetings to react to risks, including from financial markets, ECB policymaker Francois Villeroy de Galhau said on Friday.The ECB kept interest rates unchanged at 2% for the third meetin...Reuters
Fri, Oct 31
Fed's Schmid: Inflation risks remain, economy still showing momentum
By Howard SchneiderWASHINGTON, Oct 31 (Reuters) - Kansas City Fed president Jeffrey Schmid said on Friday that he dissented against cutting interest rates this week out of concern that continued high inflation and signs of price pressures spreading in the economy could raise doubts about the central...Reuters
Fri, Oct 31
ECB should keep "full optionality" at upcoming meetings: Villeroy
PARIS, Oct 31 (Reuters) - The European Central Bank must keep its options open for interest rate moves at upcoming meetings to react to risks, including from financial markets, ECB policymaker Francois Villeroy de Galhau said on Friday.Reuters
Fri, Oct 31
Brazil's fiscal metrics worsen in September amid rising debt servicing costs
BRASILIA, Oct 31 (Reuters) - Brazil's key public finance metrics worsened in September, central bank data showed on Friday, reflecting heavy costs to roll over public debt and finance expenditures not covered by revenues.The country's gross public sector debt rose to 78.1% of gross domestic ...Reuters
Fri, Oct 31
EU's Sefcovic says he is helping Italy in pasta tariff war with US
ROME, Oct 31 (Reuters) - The European Union's top trade official said on Friday he had intervened directly to help Italy resolve a row with the United States over extra tariffs on pasta. Thirteen Italian pasta companies - including the biggest and well-known brand Barilla - face an extra 92% dut...Reuters
Fri, Oct 31
RPT-BREAKINGVIEWS-The K-shaped economy is claiming corporate victims
By Pranav KiranTORONTO, Oct 30 (Reuters Breakingviews) - For corporate America, youth appeal is becoming a liability. As older and richer consumers become more and more crucial to keeping up U.S. spending, their poorer or younger peers are falling behind. The problem is big enough that it’s now show...Reuters
Fri, Oct 31
Brazil's public sector gross debt up in September
BRASILIA, Oct 31 (Reuters) - Brazil's public sector gross debt reached 78.1% of gross domestic product in September, central bank data showed on Friday, up from 77.5% the month before.The public sector recorded a primary deficit of 17.452 billion reais ($3.23 billion) for the month, in line with...Reuters
Fri, Oct 31
USD/CNH: Likely to range-trade between 7.0920 and 7.1280 – UOB Group
US Dollar (USD) is likely to consolidate between 7.1000 and 7.1180. In the longer run, the weakness in USD has stabilized; it is likely to range-trade between 7.0920 and 7.1280, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 31
